Fashion discovery app developer Woolpr Technologies has raised $8m in a series B round that reportedly included $3m from conglomerate Sistema's Asia Fund.
Sistema Asia Fund, a subsidiary of diversified conglomerate Sistema, has led an $8m series B round for India-based fashion e-commerce app developer Wooplr Technologies, the Economic Times reported yesterday.
Private equity firm Amereus Group and venture capital firm Helion Venture Partners also participated in the round. An undisclosed source had previously told Russian daily Vedomosti that Sistema invested $3m but claimed the round was sized at $6m.
Founded in 2013 as a hyperlocal services discovery platform, Wooplr subsequently pivoted to…
